~ A Blog on Gems

Dominion Seals $1.2B Takeover by Washington

RAPAPORT… The Washington Companies will acquire Dominion Diamond
Corporation for $1.2 billion, the firms said in a joint statement Monday.
Washington, a mining group founded by entrepreneur Dennis
Washington, has agreed to buy all shares in Dominion for $14.25 each in cash — a
44% premium to the Canadian diamond miner’s stock price of $9.92 on March 17. Dominion’s
share price grew 4% in…